Northmarq arranges $52M refinance for 17-building industrial park in Riverside, CA

RIVERSIDE, Calif. (March 13, 2025) — Northmarq’s Newport Beach Debt + Equity team led by Scott Botsford and Joe Giordani secured $52 million in financing for MCA Freeway Industrial Park. The property consists of 17 buildings, totaling 481,201 square feet of space, offering a wide variety of high-quality spaces suitable for a diverse range of tenant uses.

Northmarq arranged the external refinance on behalf of the borrower, MCA Realty, sourcing the best lending partner through its correspondent life insurance platform. Northmarq originated and will service the loan.

"Our team was really excited about this execution,” said Botsford. “The combination of proceeds, spread, interest-only terms, and a par lender structure just felt like an all-around great loan for our client."

The transaction was structured on a sub-6% fixed-rate, 5-year term with partial interest-only, and a substantial cashout.

“We’ve used Scott Botsford and his team for a number of years now and they have always come through for us,” said Jared Gordon, principal at MCA Realty. “They dig in to understand our business plan, diligently scour the market to procure the best available financing and stay intimately involved throughout the closing process.”

Located at 1600-2060 Chicago Avenue and 1614-1616 Marlborough Avenue, the industrial complex is situated in the heart of the Inland Empire with exceptional freeway access for tenants to reach Riverside, Orange and Los Angeles Counties as well as the broader Southern California region.

MCA Freeway Industrial Park currently consists of a diverse mix of 120 tenants and boasts three dock-high doors, 123 roll-up doors, 962 parking stalls and suite sizes ranging from 1,075 to 23,477 sq. ft.